North Road, Stevenage, Hertfordshire, SG1

LOCATION
Stevenage (population 94,456, 2021 Census) is a growing
new town with strong transport links and expanding residential
and commercial areas. Forsters Park, located off North Road
behind Lister Hospital on the town's northern edge, is a major
residential-led development with approx. 1,750 new homes,
including 850 by Bellway, Miller, and Clarion (250 already
occupied), and a further 900 approved to the north.
Retail options in the area are limited (aside from Sainsbury's),
so the new Local Centre at Forsters Park will serve both the new
homes and the existing underserved neighbourhoods to the
south and east, as well as significant passing traffic, particularly
from the nearby Lister Hospital staff car park (6,500 daily
vehicle capacity). The Local Centre, featuring 3 retail units, is
prominently located along a pedestrianised public realm near
the housing front, overlooking a balancing pond and footpaths.
Land next to the Centre is reserved for a primary school,
currently owned by Hertfordshire County Council.

DESCRIPTION
A prominent ground-floor retail unit with high ceilings and
ample natural light, ideally located opposite Tesco Express,
with strong visibility from North Road. Situated in Block 4 (with
residential above) along the link road to the scheme's main
internal network.
Key Features
*Approx. 1,454 sq ft (NIA), L-shaped with triple aspect
frontage and extensive glazing
*Front door loading only; main servicing bay near Block 1
with level footway access
*22 shared parking spaces (19 to rear of Block 1, 3 disabled
spaces adjacent)
*Provided in shell condition with shopfront and entrance door
fitted
*Air conditioning and extraction units expected on the eastern
elevation
RATEABLE VALUE
The unit falls within the Stevenage Borough Council area. The
rateable value is yet to be determined. The UBR multiplier for
the year 2024/25 is 54.6p in the £.
EPC
This is due for imminent assessment and all interested parties will
be notified upon receipt.
SERVICES
All the main services are available to the unit with capped
connection points.
We understand the electric supply to the unit is 60kva.
PERMITTED USES
The unit has the benefit of a range of permitted uses within the
current E class of the UCOs, including A1, A3, B1(c) and D1
(under the former use classes order).
Due to the absence of chimneys and flues and the need to
preserve the residential amenity for the housing above, the
landlord will not allow any takeaways or facilities cooking wet
food onsite.
PROPOSED LEASE TERMS
Our client is seeking institutionally acceptable FRI lease terms
with a minimum term certain of 10 years, 5 yearly rent reviews
(based on compounded RPI annual 1%-4% collar and cap
uplifts). The unit is not available to purchase.
Rental proposals are invited.